Cryptocurrency: A Quick Guide

By Darlene Mitchell December 31, 2021 December 31, 2021 Banking, Cryptocurrency, Digital Freedom, Economics, Financial News, Privacy & Personal Information

Cryptocurrency: A Quick Guide

Quite simply, cryptocurrency is digital money. It does not exist in the real world. There are no physical coins, or bills associated with it. It is not like stocks, real estate, jewelry, art, gold, and other valued metals. Cryptocurrency has no use or value other than the possession of it. Cryptocurrencies are not associated to valuable assets — they are not tied to anything of value in the real world, and this often causes the ‘value’ to fluctuate erratically.

By Mahinroop PM

‘Crypto’ Defined

Cryptocurrency or ‘crypto’ is any form of digital or virtual currency that uses cryptography to secure transactions and advanced coding to store and transmit cryptocurrency data between wallets and public ledgers. Cryptocurrencies do not have a central regulatory authority and they use a decentralized system to record transactions. Cryptocurrency is a digital payment system that does not rely on banks to verify transactions. Cryptocurrency is a peer-to-peer system which enables anyone to send and receive payments anywhere in the world. The cryptocurrency payments exist as digital entries to an online database featuring specific transactions. The transactions are recorded in a public ledger when cryptocurrency funds are transferred and cryptocurrency is stored in digital wallets.

Bitcoin Emerges

The ultimate aim of cryptocurrency encryption is to provide privacy, security and safety. Bitcoin, was founded in 2009, and was the first cryptocurrency. Bitcoin is unquestionably the best known cryptocurrency and is traded like other entities for profit. Skyrocketing prices make cryptocurrency hugely popular among speculative and passionate investors. Other clever and passionate crypto investors use ‘mining’ to make money.

Elon Musk’s Bitcoin U-Turn

By Darlene Mitchell May 16, 2021 May 16, 2021 China, Cryptocurrency, Ecology, Economics, Elon Musk, Fossil Fuel

Elon Musk’s Bitcoin U-Turn:

Nothing But PR & Energy Politics

By Sonnet Gomes

I was so content with my current tiny investment in Cryptocurrency, especially Bitcoin, till last night. When Elon Musk’s Bitcoin U-Turn simply throws me off the edge.

Musk’s Tweet on suspending vehicle purchase using Bitcoin not only struck a boult on me but also my itty-bitty crypto asset. No wonder I was enraged to see the price dropping, and my investment is fading away.

However, it took me a while to come to my senses (thanks to my wife for a late-night Coffee) and realize what is actually going on.

Musk’s Twitter Activity from Last Night

The entire Tweet, I am sure, will amaze almost anyone. Let’s look at a few lines of it first, and then I will dive deep into them.

“We are concerned about rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel” (O Boy, O Boy! we had no clue about it until the Tweet!)
“Cryptocurrency is a good idea on many levels, and we believe it has a promising future” (So Tesla and SpaceX are not dumping all its crypto assets because they are nothing but energy-guzzler carbon-emitting machines)
“Tesla will not be selling any Bitcoin, and we intend to use it for transactions as soon as mining transitions to more sustainable energy” (He actually loves Bitcoin and keeping all the digital assets for future use. Wondering what it’s that? Well, the next Bitcoin big selling)

The Emergence of Digital Currency

By Darlene Mitchell January 8, 2019 May 20, 2020 Banking, Cryptocurrency, Economics

The Emergence of Digital Currency

By Jones William & D. S. Mitchell

“Cryptocurrency is a digital or ‘virtual’ currency that uses cryptography for security,” Wikipedia

Who is Satoshi Nakamoto?

The first of two milestones in the development of cryptocurrency took place in 2008 and 2009. The domain name bitcoin.org was registered on August 18th, 2008. In 2009, a programmer/inventor known only by the pseudonym, Satoshi Nakamoto announced he had found a way to build a decentralized digital cash system. The mysterious “Satoshi Nakamoto” published a paper “Bitcoin: A peer-to-peer Electronic Cash System”. In his paper Nakamoto described a totally decentralized digital currency, with no server or central authority, thus setting the ball rolling for the emergence of digital currency.

Minimizing Duplication

Digital currencies use extremely complex encrypt sensitive data transfers to secure the units of exchange. In this regard, digital currency developers build complex code systems based on advanced computer engineering and mathematics principles. This approach renders them almost impossible to break, thus minimizing chances of duplication. The adopted protocols for digital currencies also help mask the identities of cryptocurrency users, thus making it difficult to attribute fund flows and transactions to specific people.

April 2024

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“I will not allow my life’s light to be determined by the darkness that surrounds me.” Sojourner Truth
“No god would want a child killed in his name.” D.S. Mitchell 2023
“If you want to lift yourself up, lift up someone else.” Booker T. Washington
www.chasingthespider.com
Chasing The Spider by D.S. Mitchell
“I want to disturb the comfortable and comfort the disturbed.” Arthur Ashe
“If people stopped searching for things that offended them and started looking for things that inspired them; what a wonderful world this would be.” Night Owl
“Worry is a waste of valuable time.” D. S. Mitchell 2015
“My favorite old car had no reverse gear. It taught me I could only go forward.” Flavia
“The rain falls because the cloud can no longer handle the weight. The tears fall because the heart can no longer handle the pain.” The Wise You
“Education is the most powerful weapon which we can use to change the world.” Nelson Mandela
“My art is my heart.” D. S. Mitchell 2015
“Sometimes when challenged we find out we are capable of the unthinkable.” D. S. Mitchell 2022
“I love you as certain dark things are to be loved, in secret between the shadow and soul.” Pablo Neruda
“If now isn’t a good time for the truth I don’t see when we’ll get to it.” Nikki Giovanni
“Let my old days be my best days,” Cousin Lucille
“Everything happens for a reason. Sometimes the reason is that you are stupid and make bad decisions.” Your mother
“Surround yourself with those on the same mission as you.” Anonymous
“I wonder, if you were blind, lost and confused, would you care what color the offered hand?” D. S. Mitchell 2015
“The growth and development of people is the highest calling of leadership.” Christian Grey
“Love life and life will love you back. Love people and they will love you back.” Arthur Rubenstein
“To be happy and contented, count your blessings, not your cash.” Chinese Proverb
RIP RBG
“Studying American politics has taught me several disgusting lessons, the first being, money buys friends in Congress. That alone should terrify the American public.” D. S. Mitchell 2021
“Those who think they can control the mob are fools and are often the victims of their own incitement.” D.S. Mitchell 2021
“The optimist proclaims that we live in the best of all possible worlds; and the pessimist fears this is true. So I elect for neither label.” – James Branch Cabell
“I don’t need to attend every argument I’m invited to.” Unknown
“Voting is like a prayer.” Raphael Warnock 2021
Smile
"If puppies and kittens don't make you smile, you might consider therapy." D. S. Mitchell 2015.
“We are all valuable. The problem is not everyone is smart enough to realize it.” D. S. Mitchell 2021
“Outer beauty attracts but inner beauty captivates.” Kate Angell
“Dimming the lights will not hide the social injustice in America.” D. S. Mitchell 2017
“Silence in front of savagery is savagery itself.” Abhijit Naskar
“We can never be too busy to be kind.” D. S. Mitchell 2017
“We only fail when we fail to try.” Rosa Parks
“Every moment is a fresh beginning.” T. S. Eliot
“Every lie is like stepping in a quicksand pit. Every lie as dangerous, as telling the truth.” D. S. Mitchell 2020
“Happiness is a gift and the trick is not to expect it, but to delight in it when it comes.” Charles Dickens
“Thoughtful people are slow to anger, not necessarily less efficient in their killing.” D. S. Mitchell 2019
“Endings are not always bad. Most times they’re just beginnings in disguise.” Kim Harrison
“The United States like so many countries around the world has chosen to give to the few and deny the many.” D.S. Mitchell 2020
“It is said that your life flashes before your eyes just before you die. This is true, its called life.” Terry Pratchett
“Law without humanity is injustice.” D. S. Mitchell 2020
“When people start acting as though the past is the same as the present and context doesn’t matter, things start to get dangerous.” Trevor K. McNeil 2020
“Pardoning the Bad, is injuring the Good.” – Benjamin Franklin
“In no instance have… the churches been guardians of the liberties of the people.” James Madison
“Anger helps straighten out a problem like a fan helps straighten out a pile of papers.” Susan Marcotte
“Success is stumbling from failure to failure with no loss of enthusiasm.” Winston Churchill
“Empty your mind, be formless. Shapeless, like water. If you put water into a cup, it becomes the cup. You put water into a bottle and it becomes the bottle. You put it in a teapot, it becomes the teapot. Now, water can flow or it can crash. Be water, my friend.” ― Bruce Lee
“A conservative is a man with two perfectly good legs who, however, has never learned how to walk forward.” Franklin D. Roosevelt
“The test of our progress is not whether we add more to the abundance of those who have much it is whether we provide enough for those who have little.” Franklin D. Roosevelt
“I like the dreams of the future better than the history of the past.” Thomas Jefferson
“The world will not be destroyed by those who do evil, but by those who watch them without doing anything.” Albert Einstein
“Darkness cannot drive out darkness, only light can do that. Hate cannot drive out hate, only love can do that.” Martin Luther King, Jr.
“The 7 Social Sins are: Wealth without Work; Pleasure without Conscience; Knowledge without Character; Commerce without Morality; Science without Humanity; Worship without Sacrifice; Politics without Principle.” Frederick Lewis Donaldson
“Trickle down economics is like having three dogs and giving one of them a hot dog, and thinking he’ll share.” Bill Maher
“All evils are equal when they are extreme.”-Pierre Corneille
“Let us not seek the Republican answer or the Democratic answer, but the right answer. Let us not seek to fix the blame for the past. Let us accept our own responsibility for the future.” John F. Kennedy
“There is a cult of ignorance in the United States, and there always has been. The strain of anti-intellectualism has been a constant thread winding its way through our political and cultural life, nurtured by the false notion that democracy means that my ignorance is just as good as your knowledge.” Isaac Asimov
“People without vaginas shouldn’t be able to regulate them.” Unknown
“Let’s just remember that social security is not the government’s money, it belongs to the people who had it taken out of the checks involuntarily their entire working lives.” Mike Huckabee
“Be sure to put your feet in the right place, then stand firm.” Abraham Lincoln
“I have insecurities of course, but I don’t hang out with anyone who points them out to me.” ADELE
“I have been far oftener discriminated against because I am a woman than because I am black.” Shirley Chisholm 5/21/1969
“The modern conservative is engaged in one of man’s oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness.” John Kenneth Galbraith
“Too bad that all the people who know how to run the country are busy driving taxicabs and cutting hair.” ― George Burns
“What this country needs is more unemployed politicians.” Edward Langley, artist
“The turning points of lives are not the great moments. The real crises are often concealed in occurrences so trivial in appearance that they pass unobserved.” ― George Washington
“Our task must be to free ourselves… by widening our circle of compassion to embrace all living creatures and the whole of nature and it’s beauty.” ― Albert Einstein
“So the America I loved still exists, if not in the White House or the Supreme Court or the Senate or the House of Representatives or the media. The America I love still exists at the front desks of our public libraries.” ― Kurt Vonnegut
“A politician thinks of the next election – a statesman of the next generation.” – James Freeman Clarke
“Imagination is the bridge between the things we know for sure, and the things we need to believe, when our world becomes unbearable.” Staceyann Chin
“Freedom and justice cannot be parceled out in pieces to suit political convenience. I don’t believe you can stand for freedom for one group of people and deny it to others.” Coretta Scott King
“Inspiration descends only in flashes to clothe circumstances; it is not stored up in a barrel, like salt herrings to be doled out.”Patrick White
“Without music, life would be a mistake.” Friedrich Nietzsche
“Instead of giving a politician the keys to the city, it might be better to change the locks.” Doug Larson
“When a man is denied the right to live the life he believes in, he has no choice but to become an outlaw.” ― Nelson Mandela
“Pretty comes in all sizes. My size is cute.” Honey Boo Boo, reality TV star
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A Poem For Don and Vlad
A Poem For Donald Trump and Vladimir Putin
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I Barely Have Time To Walk The Dog

Cryptocurrency: A Quick Guide

Cryptocurrency: A Quick Guide

By Mahinroop PM

Elon Musk’s Bitcoin U-Turn:

Nothing But PR & Energy Politics

By Sonnet Gomes

Musk’s Twitter Activity from Last Night

The Emergence of Digital Currency

By Jones William & D. S. Mitchell

Who is Satoshi Nakamoto?

Minimizing Duplication

“I will not allow my life’s light to be determined by the darkness that surrounds me.” Sojourner Truth

“No god would want a child killed in his name.” D.S. Mitchell 2023

“If you want to lift yourself up, lift up someone else.” Booker T. Washington

www.chasingthespider.com

Chasing The Spider by D.S. Mitchell

“I want to disturb the comfortable and comfort the disturbed.” Arthur Ashe

“If people stopped searching for things that offended them and started looking for things that inspired them; what a wonderful world this would be.” Night Owl

“Worry is a waste of valuable time.” D. S. Mitchell 2015

“My favorite old car had no reverse gear. It taught me I could only go forward.” Flavia

“The rain falls because the cloud can no longer handle the weight. The tears fall because the heart can no longer handle the pain.” The Wise You

“Education is the most powerful weapon which we can use to change the world.” Nelson Mandela

“My art is my heart.” D. S. Mitchell 2015

“Sometimes when challenged we find out we are capable of the unthinkable.” D. S. Mitchell 2022

“I love you as certain dark things are to be loved, in secret between the shadow and soul.” Pablo Neruda

“If now isn’t a good time for the truth I don’t see when we’ll get to it.” Nikki Giovanni

“Let my old days be my best days,” Cousin Lucille

“Everything happens for a reason. Sometimes the reason is that you are stupid and make bad decisions.” Your mother

“Surround yourself with those on the same mission as you.” Anonymous

“I wonder, if you were blind, lost and confused, would you care what color the offered hand?” D. S. Mitchell 2015

“The growth and development of people is the highest calling of leadership.” Christian Grey

“Love life and life will love you back. Love people and they will love you back.” Arthur Rubenstein

“To be happy and contented, count your blessings, not your cash.” Chinese Proverb

RIP RBG

“Studying American politics has taught me several disgusting lessons, the first being, money buys friends in Congress. That alone should terrify the American public.” D. S. Mitchell 2021

“Those who think they can control the mob are fools and are often the victims of their own incitement.” D.S. Mitchell 2021

“The optimist proclaims that we live in the best of all possible worlds; and the pessimist fears this is true. So I elect for neither label.” – James Branch Cabell

“I don’t need to attend every argument I’m invited to.” Unknown

“Voting is like a prayer.” Raphael Warnock 2021

Smile

“We are all valuable. The problem is not everyone is smart enough to realize it.” D. S. Mitchell 2021

“Outer beauty attracts but inner beauty captivates.” Kate Angell

“Dimming the lights will not hide the social injustice in America.” D. S. Mitchell 2017

“Silence in front of savagery is savagery itself.” Abhijit Naskar

“We can never be too busy to be kind.” D. S. Mitchell 2017

“We only fail when we fail to try.” Rosa Parks

“Every moment is a fresh beginning.” T. S. Eliot

“Every lie is like stepping in a quicksand pit. Every lie as dangerous, as telling the truth.” D. S. Mitchell 2020

“Happiness is a gift and the trick is not to expect it, but to delight in it when it comes.” Charles Dickens

“Thoughtful people are slow to anger, not necessarily less efficient in their killing.” D. S. Mitchell 2019

“Endings are not always bad. Most times they’re just beginnings in disguise.” Kim Harrison

“The United States like so many countries around the world has chosen to give to the few and deny the many.” D.S. Mitchell 2020

“It is said that your life flashes before your eyes just before you die. This is true, its called life.” Terry Pratchett

“Law without humanity is injustice.” D. S. Mitchell 2020

“When people start acting as though the past is the same as the present and context doesn’t matter, things start to get dangerous.” Trevor K. McNeil 2020

“Pardoning the Bad, is injuring the Good.” – Benjamin Franklin

“In no instance have… the churches been guardians of the liberties of the people.” James Madison

“Anger helps straighten out a problem like a fan helps straighten out a pile of papers.” Susan Marcotte

“Success is stumbling from failure to failure with no loss of enthusiasm.” Winston Churchill

“Empty your mind, be formless. Shapeless, like water. If you put water into a cup, it becomes the cup. You put water into a bottle and it becomes the bottle. You put it in a teapot, it becomes the teapot. Now, water can flow or it can crash. Be water, my friend.” ― Bruce Lee

“A conservative is a man with two perfectly good legs who, however, has never learned how to walk forward.” Franklin D. Roosevelt

“The test of our progress is not whether we add more to the abundance of those who have much it is whether we provide enough for those who have little.” Franklin D. Roosevelt

“I like the dreams of the future better than the history of the past.” Thomas Jefferson

“The world will not be destroyed by those who do evil, but by those who watch them without doing anything.” Albert Einstein

“Darkness cannot drive out darkness, only light can do that. Hate cannot drive out hate, only love can do that.” Martin Luther King, Jr.

“The 7 Social Sins are: Wealth without Work; Pleasure without Conscience; Knowledge without Character; Commerce without Morality; Science without Humanity; Worship without Sacrifice; Politics without Principle.” Frederick Lewis Donaldson

“Trickle down economics is like having three dogs and giving one of them a hot dog, and thinking he’ll share.” Bill Maher

“All evils are equal when they are extreme.”-Pierre Corneille

“Let us not seek the Republican answer or the Democratic answer, but the right answer. Let us not seek to fix the blame for the past. Let us accept our own responsibility for the future.” John F. Kennedy

“People without vaginas shouldn’t be able to regulate them.” Unknown

“Let’s just remember that social security is not the government’s money, it belongs to the people who had it taken out of the checks involuntarily their entire working lives.” Mike Huckabee

“Be sure to put your feet in the right place, then stand firm.” Abraham Lincoln

“I have insecurities of course, but I don’t hang out with anyone who points them out to me.” ADELE

“I have been far oftener discriminated against because I am a woman than because I am black.” Shirley Chisholm 5/21/1969

“The modern conservative is engaged in one of man’s oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness.” John Kenneth Galbraith

“Too bad that all the people who know how to run the country are busy driving taxicabs and cutting hair.” ― George Burns

“What this country needs is more unemployed politicians.” Edward Langley, artist

“The turning points of lives are not the great moments. The real crises are often concealed in occurrences so trivial in appearance that they pass unobserved.” ― George Washington

“Our task must be to free ourselves… by widening our circle of compassion to embrace all living creatures and the whole of nature and it’s beauty.” ― Albert Einstein

“So the America I loved still exists, if not in the White House or the Supreme Court or the Senate or the House of Representatives or the media. The America I love still exists at the front desks of our public libraries.” ― Kurt Vonnegut